Connect with us

Hi, what are you looking for?



Adani Wilmar share price opens up with a new rise

The share price of Adani Wilmar continues to rise for the third consecutive session following its listing. Now with the FMCG stock rising more than 15% in early morning trade, the Adani Wilmar share price opened with an upside gap of around 34 per share and went on to reach a new high of 381 per share on the NSE.

The News: According to stock market experts, the stock is fairly priced and should be booked at current levels.

  • The high risk traders can hold the stock with a stop loss at around 319 apiece levels as the Adani group stock may rise to 410 levels.

What’s going on: The after discount price of Adani Wilmar shares listed on the NSE and BSE on February 8, 2022 were at the price of 227.

  • Adani group stock quickly recovered and began to rise as a result of large-scale buying by stock market investors.
  • This FMCG stock has met all brokerage targets in the last two days of trading.

What are they saying: Anuj Gupta, Vice President at IIFL Securities, commented on Adani Wilmar’s new share price target “Today, the share price of Adani Wilmar has breached the 350 level and is trading above it. Those who own this stock and have a high risk tolerance can continue to hold it with a trailing stop loss of 328 for the next possible target of 400 to 410 levels.”

  • According to Ravi singhal, Vice Chairman at GCL Securities, “Adani group stock has been rising post-listing and those who have this stock in their portfolio are advised to book profit at current levels whereas high risk traders can hold the counter maintaining stop loss below yesterday’s close of 321.90 per share levels,”
  • Singhal even advised traders with a high risk tolerance to keep a trailing stop loss at 319, expecting profit booking at any time now.”
Click to comment

Leave a Reply

Your email address will not be published.




New Delhi, Sept 29- According to data updated on Thursday by the Union Health Ministry, 4,272 new instances of infections have been registered throughout...


J&K, Sept 29 – Two people were injured in two bombs that occurred within eight hours in the Udhampur district of Jammu and Kashmir...


Karnataka, Sept 28 – The Narcotics Wing of the Central Crime Branch (CCB) broke an inter-state narcotics conspiracy on Tuesday, arresting five people-four women...


New Delhi, Sept 28- India observed a modest increase in the number of Covid-19 cases in the country, reporting 3,615 instances on Wednesday. The...


New Delhi, Sept 28- Considering the decline in the number of theaters in India and to prevent its complete closure, the Ministry of Information...


New Delhi, Sept 28– The Popular Front of India (PFI) and any of its affiliates, allies, or fronts have been declared illegal associations by...

You May Also Like


The structure will be built for a Public Health Centre (PHC), which will be the sole government health facility near the crash site. The...


It appears that Twitter is full of like-minded people who have had similar ideas regarding marriage, particularly arranged marriage. And they’ve developed a hilarious...


Microsoft Corp. Chief Executive Officer Satya Nadella’s son Zain Nadella, died Monday morning.  The news: Zain was 26 years old and had been born...


According to a tweet from the UK Ministry of Defence, the Russian Ministry of Defense confirmed the use of its TOS-1A weapon system in...